This is for those borrowers who are just shy of qualifying for “A” paper underwriting. The qualifications include:
– Borrowers with good credit of at least 640.
– Max 64% Loan To Value.
– Nice location and good property.
Below Are Two Such Scenarios Recently Funded:
Location: Kentfield, Marin County
Why Came To Us: Turned down by her bank at last minute.
Scenario: Needed to complete renovations to then sell house.
Loan Size: $680,000 with LTV just under 50%.
Days To Finish: 7 days!
Location: Santa Rosa, Sonoma County
Why Came To Us: Loan disapproved due to last-minute issue with proof of income.
Scenario: Relator called us on day 27 of 30-day close of Escrow for a fast loan.
Loan Size: $946,870 LTV 35%.
Days To Finish: 3 days!
If you have a scenario that could use the help of Hard Money programs, call us at 707-523-2099!
Best, Forest – The Guy in the White Hat
Hard Money Broker and Co-Owner of family owned and operated Sun Pacific Mortgage & Real Estate, serving all of California since 1988! 707-523-2099 www.sunpacificmortgage.com.
CA DRE license #010005559 and NMLS #289456
Note: Get our financing despite bad credit, difficult to prove income, property a fixer, etc.! We finance Jumbo loans, Bridge and short-term loans, Owner Occupied purchases and refinances, investment purchases and commercial.